Minnesota Becomes First State to Ban Prediction Markets
Minnesota has made history by becoming the first U.S. state to enact a ban on prediction markets. The new legislation prohibits the operation and participation in these markets within the state's borders.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (37/100)Sources
Minnesota Becomes First State to Ban Prediction Markets
Like at least other 14 states, Minnesota has wrestled with how to regulate the popular prediction market sites. Federal officials sued the state over its new law.
By Pooja Salhotra
Read full article →Minnesota becomes first state to ban prediction markets
While dozens of states have taken legal action against the controversial industry, Minnesota is the first state to pass a law making it a felony for companies like Kalshi and Polymarket to operate.
By Bobby Allyn
Read full article →Prediction markets face a ban in one state, but the fight's not over
Minnesota is trying to ban prediction markets, but the CFTC is putting up a fight. Bloomberg/Getty Images Minnesota is the first state to sign off on a ban on prediction markets like Kalshi and Polymarket. But a government agency is fighting the ban, suing Gov. Tim Walz for signing the bill. Prediction markets have faced backlash from lawmakers who say they enable insider trading and gambling. Minnesota has become the first state to ban prediction markets, but the fight over these platforms...
Read full article →
